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Calmer Markets Await Developments, Says Scotiabank

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A calmer market landscape awaits more material developments starting Wednesday with the United States consumer price index and the Bank of Canada and then Thursday's European Central Bank communications, said Scotiabank.

For now, oil is off by US$2/barrel as the daily gyrations on the Iran war headlines are never-ending, noted the bank.

Sovereign bond yields are lower by about 1 bps to 2bps across global benchmarks, stated Scotiabank.

Stocks are broadly higher across North American futures and European cash markets -- except London -- and following a mixed Asian session where the outlier move was South Korea's Kospi that gained over 8% after losing the same amount on Monday.

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